Agroton net profit dropped 3.5x in 6M 2019
In 6M 2019, Agroton received USD 3.28 mln of net profit, 72% less from the 2018 relevant indicator, USD 11.8 mln.
The company's revenue grew by 7.3% to USD 17.9 mln. As noted in the report, gross profit dropped 44% to USD 3.89 mln, while operating profit regressed by USD 5.77 mln to USD 198 thou.
Earnings per share (EPS) decreased 3.9x to USD 0.13 vs. USD 0.51 in 6M 2018.
By the data of Eavex Capital, the market capitalization of Agroton increased by 4.5% to USD 16 mln within August 23–29.